by Kirkland | Jun 20, 2019 | News
This summer has started with a series of curtailment and closure announcements from several major lumber producers in Western Canada. Canfor is temporarily reducing production capacity in British Columbia by 200MMBF, curtailing operations at all BC sawmills, except...
by Kirkland | Jun 6, 2019 | News
Canfor to Close Vavenby Sawmill Canfor Corporation announced it will be closing its Vavenby sawmill in British Columbia this July. Canfor has reached an agreement to sell the forest tenure associated with the Vavenby sawmill to Interfor for a price of $60 million....
by Web Editor | Aug 17, 2018 | News
Over 1,200 homes have been destroyed by wildfires in California so far in 2018. And due to increased tariffs, those wildfire victims are having to deal with higher construction costs. So are victims whose homes were ruined by Hurricane Harvey last year in Texas. The...
by Web Editor | Jul 27, 2018 | News
Canfor Corporation says it paid $51.7 million in countervailing duties in the second quarter, the result of U.S. tariffs that went into force in 2017. Canfor, which sells more than half of its lumber to the U.S., reported operating income of $282.1 million for the...
by Web Editor | Jun 11, 2018 | News
Back in March, FreightWaves reported on a “perfect storm for lumber markets”: a confluence of strong global demand and critical supply issues that caused futures prices for a thousand board feet of lumber to break $500 for the first time ever. To put that number in...
